80_FR_15061 80 FR 15007 - Regular Meeting

80 FR 15007 - Regular Meeting

FARM CREDIT SYSTEM INSURANCE CORPORATION

Federal Register Volume 80, Issue 54 (March 20, 2015)

Page Range15007-15008
FR Document2015-06472

Notice is hereby given of the regular meeting of the Farm Credit System Insurance Corporation Board (Board).

Federal Register, Volume 80 Issue 54 (Friday, March 20, 2015)
[Federal Register Volume 80, Number 54 (Friday, March 20, 2015)]
[Notices]
[Pages 15007-15008]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-06472]


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FARM CREDIT SYSTEM INSURANCE CORPORATION


Regular Meeting

AGENCY: Farm Credit System Insurance Corporation Board; Farm Credit 
System Insurance Corporation Board.

SUMMARY:  Notice is hereby given of the regular meeting of the Farm 
Credit System Insurance Corporation Board (Board).

Date and Time: The meeting of the Board will be held at the offices of 
the Farm Credit Administration in McLean, Virginia, on March 26, 2015, 
from 9:00 a.m. until such time as the Board concludes its business.

FOR FURTHER INFORMATION CONTACT: Dale L. Aultman, Secretary to the Farm 
Credit System Insurance Corporation Board, (703) 883-4009, TTY (703) 
883-4056.

[[Page 15008]]


ADDRESSES: Farm Credit System Insurance Corporation, 1501 Farm Credit 
Drive, McLean, Virginia 22102. Submit attendance requests via email to 
[email protected]. See SUPPLEMENTARY INFORMATION for further 
information about attendance requests.

SUPPLEMENTARY INFORMATION: Parts of this meeting of the Board will be 
open to the public (limited space available), and parts will be closed 
to the public. Please send an email to [email protected] at least 
24 hours before the meeting. In your email include: Name, postal 
address, entity you are representing (if applicable), and telephone 
number. You will receive an email confirmation from us. Please be 
prepared to show a photo identification when you arrive. If you need 
assistance for accessibility reasons, or if you have any questions, 
contact Dale L. Aultman, Secretary to the Farm Credit System Insurance 
Corporation Board, at (703) 883-4009. The matters to be considered at 
the meeting are:

Open Session

A. Approval of Minutes

 January 22, 2015

B. Business Reports

 FCSIC Financial Reports
 Report on Insured and Other Obligations
 Report on Investment Portfolio
 Quarterly Report on Annual Performance Plan

C. New Business

 Presentation of 2014 Audit Results by External Auditor

Closed Session

     FCSIC Report on System Performance

Executive Session

 Executive Session of the Audit Committee with the Auditor

    Dated: March 17, 2015.
Dale L. Aultman,
Secretary, Farm Credit System Insurance Corporation Board.
[FR Doc. 2015-06472 Filed 3-19-15; 8:45 am]
 BILLING CODE 6710-01-P



                                                                                    Federal Register / Vol. 80, No. 54 / Friday, March 20, 2015 / Notices                                                   15007

                                                  cake contains glucosinolates, which                       transporting the oil from a crushing                 and transport of pennycress oil
                                                  may be toxic to animals in large                          facility to a biofuel production facility            feedstock, EPA anticipates that fuel
                                                  concentrations.37 However, the heat                       would be the same for the two different              produced from pennycress oil feedstock
                                                  produced from crushing pennycress                         feedstocks.                                          through the same transesterification or
                                                  seeds may reduce the toxicity of the                                                                           hydrotreating process technologies that
                                                                                                            C. Summary of Agricultural Sector GHG
                                                  press cake,38 or pennycress press cake                                                                         EPA evaluated for the March 2010 RFS
                                                                                                            Emissions
                                                  could be mixed in low amounts with                                                                             rule for biofuel derived from soybean oil
                                                  other seed meal for use as animal feed.39                    Compared to soybean oil, pennycress               and the March 2013 RFS rule for biofuel
                                                  Alternatively, pennycress press cake                      oil has less than or equal GHG                       derived from camelina oil would qualify
                                                  could be used as a biofumigant.40 Based                   emissions per ton of oil from crop                   for biomass-based diesel (D-code 4)
                                                  on our analysis of pennycress oil, which                  inputs, crushing and oil extraction, and             RINs or advanced (D-code 5) RINs.41
                                                  does not consider use of the press cake,                  direct and indirect land use change.                 However, EPA will evaluate petitions
                                                  we have found that the agricultural,                      Pennycress and soybean oils are also                 for fuel produced from pennycress oil
                                                  livestock and land use change emissions                   likely to have similar GHG emissions                 feedstock on a case-by-case basis.
                                                  associated with producing pennycress                      from feedstock distribution. Therefore,
                                                  oil are less than or equal to the                         we believe that the feedstock production             III. Summary
                                                  corresponding emissions associated                        and transport portion of the lifecycle                  EPA invites public comment on its
                                                  with producing soybean oil. Therefore,                    GHG emissions associated with                        analysis of GHG emissions associated
                                                  any beneficial use of the pennycress                      pennycress are likely to be similar to or            with the production and transport of
                                                  press cake (e.g., as livestock feed or                    less than the GHG emissions for the                  pennycress oil as a feedstock for biofuel
                                                  boiler fuel) would only serve to make                     corresponding portion of the lifecycle               production. EPA will consider public
                                                  the GHG emissions associated with                         analysis for soybean oil. EPA’s purpose              comments received when evaluating the
                                                  pennycress oil even lower than the                        in evaluating petitions under 40 CFR                 lifecycle GHG emissions of biofuel
                                                  corresponding emissions for soybean                       80.1416 is not to prepare a precise                  production pathways described in
                                                  oil.                                                      lifecycle GHG emissions analysis of                  petitions received pursuant to 40 CFR
                                                                                                            every fuel type, but to gather sufficient            80.1416 which use pennycress oil as a
                                                  B. Feedstock Distribution                                 information on which to inform its                   feedstock.
                                                    EPA’s assessment, based on the                          decision of whether proposed biofuels
                                                  following reasoning, is that GHG                          qualify under the program in terms of                  Dated: March 12, 2015.
                                                  emissions from feedstock distribution                     lifecycle GHG emissions reduction.                   Christopher Grundler,
                                                  will be the same for pennycress as such                   Based on our comparison of pennycress                Director, Office of Transportation and Air
                                                  emissions for soybeans. Because                           oil to soybean oil, EPA proposes to use,             Quality.
                                                  pennycress contains more oil per pound                    in its future evaluations of petitions               [FR Doc. 2015–06444 Filed 3–19–15; 8:45 am]
                                                  of seed, as discussed above, the energy                   proposing to use pennycress oil as a                 BILLING CODE 6560–50–P
                                                  needed to move the pennycress before                      feedstock for biofuel production, an
                                                  oil extraction would be lower than                        estimate of the GHG emissions
                                                  soybeans per ton of oil produced. To the                  associated with the cultivation and                  FARM CREDIT SYSTEM INSURANCE
                                                  extent that pennycress is grown on more                   transport of pennycress oil that is the              CORPORATION
                                                  disperse fallow land than soybeans and                    same as that which we have used for
                                                  would need to be transported further,                     soybean oil, on a per ton of oil basis.              Regular Meeting
                                                  the energy needed to move the                             Although EPA could conduct a more
                                                  pennycress could be higher than                           precise analysis, we do not believe it is            AGENCY:  Farm Credit System Insurance
                                                  soybeans. Therefore, we believe we may                    necessary for purposes of the                        Corporation Board; Farm Credit System
                                                  assume for purposes of GHG emissions                      determinations EPA must make in                      Insurance Corporation Board.
                                                  assessment that the GHG emissions                         responding to petitions. EPA solicits                SUMMARY: Notice is hereby given of the
                                                  associated with transporting pennycress                   comment on this proposed approach.                   regular meeting of the Farm Credit
                                                  and soybeans to crushing facilities will                                                                       System Insurance Corporation Board
                                                                                                            D. Fuel Production and Distribution
                                                  be the same. Pennycress and soybean                                                                            (Board).
                                                  oils are quite similar in terms of density                  Pennycress oil has physical properties
                                                                                                                                                                 DATE AND TIME:  The meeting of the Board
                                                  and energy content; therefore, we also                    that are similar to soybean and camelina
                                                                                                                                                                 will be held at the offices of the Farm
                                                  assumed that the GHG emissions from                       oil, and is suitable for the same
                                                                                                                                                                 Credit Administration in McLean,
                                                                                                            conversion processes as these
                                                                                                                                                                 Virginia, on March 26, 2015, from 9:00
                                                    37 Moser, B.R. (2012) ‘‘Biodiesel from alternative      feedstocks. In addition, the fuel yield
                                                  oilseed feedstock: camelina and field pennycress.’’                                                            a.m. until such time as the Board
                                                                                                            per pound of oil is expected to be the
                                                  Biofuels, 3:193–209.                                                                                           concludes its business.
                                                    38 Fan, J. et al. (2013) ‘‘A life cycle assessment of
                                                                                                            same for each of these feedstocks. After
                                                                                                            reviewing comments received in                       FOR FURTHER INFORMATION CONTACT: Dale
                                                  pennycress (Thlaspi arvense L.)—derived jet fuel
                                                  and diesel.’’ Biomass and Bioenergy, 55:87–100.           response to this Notice, we will                     L. Aultman, Secretary to the Farm
                                                    39 Moser, B.R. (2012) ‘‘Biodiesel from alternative
                                                                                                            combine our evaluation of agricultural               Credit System Insurance Corporation
                                                  oilseed feedstock: camelina and field pennycress.’’       sector GHG emissions associated with                 Board, (703) 883–4009, TTY (703) 883–
                                                  Biofuels, 3:193–209. It is important to note that all                                                          4056.
                                                  animal feed products must be approved by the U.S.         the use of pennycress oil feedstock with
                                                  Food and Drug Administration (FDA) before they            our evaluation of the GHG emissions
                                                                                                                                                                   41 The transesterification process that EPA
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                                                  can be sold in the United States. Nothing in EPA’s        associated with individual producers’
                                                  analysis should be construed as an official federal                                                            evaluated for the March 2010 RFS rule for biofuel
                                                  government position regarding the approval or
                                                                                                            production processes and finished fuels              derived from soybean oil feedstock is described in
                                                  disapproval of pennycress press cake as an animal         to determine whether the proposed                    section 2.4.7.3 (Biodiesel) of the Regulatory Impact
                                                  feed. Only FDA is authorized to make that                 pathways satisfy CAA lifecycle GHG                   Analysis for the March 2010 RFS rule (EPA–420–
                                                  determination.                                            emissions reduction requirements for                 R–10–006). The hydrotreating process that EPA
                                                    40 Vaughn, S.F., et al. (2005) ‘‘Biofumigant                                                                 evaluated for the March 2013 rule for biofuel
                                                  compounds released by field pennycress (Thlaspi
                                                                                                            RFS-qualifying renewable fuels. Based                derived from camelina oil feedstock is described in
                                                  arvense) seedmeal.’’ Journal of Chemical Ecology,         on our evaluation of the lifecycle GHG               section II.A.3.b of the March 2013 rule (78 FR
                                                  31(1):167–177.                                            emissions attributable to the production             14190).



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                                                  15008                           Federal Register / Vol. 80, No. 54 / Friday, March 20, 2015 / Notices

                                                  ADDRESSES:   Farm Credit System                         as Receiver for Coastal Bank, Cocoa                     A. Federal Reserve Bank of Cleveland
                                                  Insurance Corporation, 1501 Farm                        Beach, Florida (‘‘the Receiver’’) intends             (Nadine Wallman, Vice President) 1455
                                                  Credit Drive, McLean, Virginia 22102.                   to terminate its receivership for said                East Sixth Street, Cleveland, Ohio
                                                  Submit attendance requests via email to                 institution. The FDIC was appointed                   44101–2566:
                                                  VisitorRequest@FCA.gov. See                             receiver of Coastal Bank on May 6, 2011.                1. Jane Houston McCready,
                                                  SUPPLEMENTARY INFORMATION for further                   The liquidation of the receivership                   Winchester, Kentucky; Sarah McCready
                                                  information about attendance requests.                  assets has been completed. To the extent              Boston, New York, New York; and
                                                  SUPPLEMENTARY INFORMATION: Parts of                     permitted by available funds and in                   Louise French McCready Hart, New
                                                  this meeting of the Board will be open                  accordance with law, the Receiver will                York, New York, as individuals and in
                                                  to the public (limited space available),                be making a final dividend payment to                 their capacities as co-trustees of Marital
                                                  and parts will be closed to the public.                 proven creditors.                                     Trust B which was created under the
                                                  Please send an email to VisitorRequest@                    Based upon the foregoing, the                      Richard F. McCready Revocable Trust
                                                  FCA.gov at least 24 hours before the                    Receiver has determined that the                      Agreement; to acquire voting shares of
                                                  meeting. In your email include: Name,                   continued existence of the receivership               WinFirst Financial Corporation, and
                                                  postal address, entity you are                          will serve no useful purpose.                         thereby indirectly acquire voting shares
                                                  representing (if applicable), and                       Consequently, notice is given that the                of Winchester Federal Bank, both in
                                                  telephone number. You will receive an                   receivership shall be terminated, to be               Winchester, Kentucky.
                                                  email confirmation from us. Please be                   effective no sooner than thirty days after              Board of Governors of the Federal Reserve
                                                  prepared to show a photo identification                 the date of this Notice. If any person                System, March 17, 2015.
                                                  when you arrive. If you need assistance                 wishes to comment concerning the                      Michael J. Lewandowski,
                                                  for accessibility reasons, or if you have               termination of the receivership, such                 Associate Secretary of the Board.
                                                  any questions, contact Dale L. Aultman,                 comment must be made in writing and                   [FR Doc. 2015–06399 Filed 3–19–15; 8:45 am]
                                                  Secretary to the Farm Credit System                     sent within thirty days of the date of                BILLING CODE 6210–01–P
                                                  Insurance Corporation Board, at (703)                   this Notice to: Federal Deposit
                                                  883–4009. The matters to be considered                  Insurance Corporation, Division of
                                                  at the meeting are:                                     Resolutions and Receiverships,                        FEDERAL RESERVE SYSTEM
                                                                                                          Attention: Receivership Oversight
                                                  Open Session                                            Department 32.1, 1601 Bryan Street,                   Formations of, Acquisitions by, and
                                                  A. Approval of Minutes                                  Dallas, TX 75201.                                     Mergers of Bank Holding Companies
                                                                                                             No comments concerning the
                                                  • January 22, 2015                                                                                              The companies listed in this notice
                                                                                                          termination of this receivership will be              have applied to the Board for approval,
                                                  B. Business Reports                                     considered which are not sent within                  pursuant to the Bank Holding Company
                                                  • FCSIC Financial Reports                               this time frame.                                      Act of 1956 (12 U.S.C. 1841 et se.) (BHC
                                                  • Report on Insured and Other                             Dated: March 16, 2015.                              Act), Regulation Y (12 CFR part 225),
                                                    Obligations                                           Federal Deposit Insurance Corporation.                and all other applicable statutes and
                                                  • Report on Investment Portfolio                        Robert E. Feldman,                                    regulations to become a bank holding
                                                  • Quarterly Report on Annual                            Executive Secretary.                                  company and/or to acquire the assets or
                                                    Performance Plan                                      [FR Doc. 2015–06355 Filed 3–19–15; 8:45 am]           the ownership of, control of, or the
                                                                                                                                                                power to vote shares of a bank or bank
                                                  C. New Business                                         BILLING CODE 6714–01–P
                                                                                                                                                                holding company and all of the banks
                                                  • Presentation of 2014 Audit Results by                                                                       and nonbanking companies owned by
                                                    External Auditor                                                                                            the bank holding company, including
                                                  Closed Session                                          FEDERAL RESERVE SYSTEM                                the companies listed below.
                                                                                                                                                                  The applications listed below, as well
                                                    • FCSIC Report on System                              Change in Bank Control Notices;                       as other related filings required by the
                                                  Performance                                             Acquisitions of Shares of a Savings                   Board, are available for immediate
                                                  Executive Session                                       and Loan Holding Company                              inspection at the Federal Reserve Bank
                                                                                                                                                                indicated. The applications will also be
                                                  • Executive Session of the Audit                          The notificants listed below have                   available for inspection at the offices of
                                                    Committee with the Auditor                            applied under the Change in Bank                      the Board of Governors. Interested
                                                    Dated: March 17, 2015.                                Control Act (12 U.S.C. 1817(j)) and the               persons may express their views in
                                                  Dale L. Aultman,                                        Board’s Regulation LL (12 CFR part 238)               writing on the standards enumerated in
                                                  Secretary, Farm Credit System Insurance
                                                                                                          to acquire shares of a savings and loan               the BHC Act (12 U.S.C. 1842(c)). If the
                                                  Corporation Board.                                      holding company. The factors that are                 proposal also involves the acquisition of
                                                  [FR Doc. 2015–06472 Filed 3–19–15; 8:45 am]
                                                                                                          considered in acting on the notices are               a nonbanking company, the review also
                                                                                                          set forth in paragraph 7 of the Act (12               includes whether the acquisition of the
                                                  BILLING CODE 6710–01–P
                                                                                                          U.S.C. 1817(j)(7)).                                   nonbanking company complies with the
                                                                                                            The notices are available for                       standards in section 4 of the BHC Act
                                                                                                          immediate inspection at the Federal                   (12 U.S.C. 1843). Unless otherwise
                                                  FEDERAL DEPOSIT INSURANCE                               Reserve Bank indicated. The notices
                                                  CORPORATION                                                                                                   noted, nonbanking activities will be
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                                                                          also will be available for inspection at              conducted throughout the United States.
                                                  Notice to All Interested Parties of the                 the offices of the Board of Governors.                  Unless otherwise noted, comments
                                                  Termination of the Receivership of                      Interested persons may express their                  regarding each of these applications
                                                  10364, Coastal Bank, Cocoa Beach,                       views in writing to the Reserve Bank                  must be received at the Reserve Bank
                                                  Florida                                                 indicated for that notice or to the offices           indicated or the offices of the Board of
                                                                                                          of the Board of Governors. Comments                   Governors not later than April 16, 2015.
                                                    Notice is hereby given that the Federal               must be received not later than April 6,                A. Federal Reserve Bank of Dallas
                                                  Deposit Insurance Corporation (‘‘FDIC’’)                2015.                                                 (Robert L. Triplett III, Senior Vice


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Document Created: 2015-12-18 11:34:05
Document Modified: 2015-12-18 11:34:05
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ContactDale L. Aultman, Secretary to the Farm Credit System Insurance Corporation Board, (703) 883-4009, TTY (703) 883-4056.
FR Citation80 FR 15007 

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